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In evaluating a forage crop, it is important to meas- ure the concentration of various constituents in the plant tissue. In a study of the reliability of such measurements, a batch of alfalfa was dried, ground, and passed through a fine screen. Five small (0.3 gm) aliquots of the alfalfa were then analyzed for their content of insoluble ash.6 The results (gm/kg) were as follows:
10.0 8.9 9.1 11.7 7.9
For these data, calculate the mean, the standard deviation, and the standard error of the mean.
The Canadian consumer confidence rebounded sharply in September 2012. This is a significant rebound since the plunge in October 2008. According to some analysts, the good news from Europe and the jump in the stock market appear to have had an effect ..
Determine the quantity of cars traded and the price at which cars get traded - calculate Marginal Revenue curve from demand curve.
What is the effect on the price of a recordable CD and the quantity of recordable CDs sold if a. The price of an MP3 download rises? b. The price of an iPod falls? c. The supply of CD players increases?
Each firm in the industry is currently earning zero economic profit. How many firms are in this industry, and what is the market equilibrium price?
Use the key word ECONOMIC NEWS in an Internet search engine (Google, Bing, etc.) to locate an appropriate news story or article that illustrates the ideas presented in the reading.
Why does the burden of sales tax fall completely on customer when the value elasticity of demand is perfectly inelastic; the seller when perfectly elastic.
assume that you have been appointed as the speaker of the house. you must deliver a speech about the current state of
What would efficient revenue management imply for the pricing of the Cowboys Stadium parking lot on typical game days? How about for the Super Bowl? How about for the many smaller events that fill less than half the lot?
Why might the Fed find it significantly easier to expand the money stock in a period of prosperity than in a period of recession? What must the Fed be able to do if it wants the quantity of money in the hands of the public to increase?
Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand and (2) an increase in supply.
Presume a country can produce a maximum of 5,000 jumbo airliners or 1,000 aircraft carriers. What is the opportunity cost of an aircraft carrier? What is the implied price of the carrier in trade?
1. why do you suppose that the market clearing interest rates on bank savings and time deposits have been rising
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